Liu Qing-xu, secretary-general of The National Federation of Teachers Unions (NFTU), says funds invested by both the government and industries are far less than other countries. To improve the quality of universities, Taiwan needs to redefine the meaning of high-level education rather than just calculate the trivial costs of running a school or simply reduce number of schools.

Directed by the Office of Science & Technology, Executive Yuan and hosted by the Ministry of Economic Affairs, the 2018 Innovation Sandbox Exchange Forum was hosted at NEO Studio, Taipei on October 3rd. Audrey Tang, Minister without Portfolio of the Executive Yuan, Zse-hong Tsai, Executive Secretary of the Office of Science & Technology, and Wellington L. Koo, Chairman of the Financial Supervisory Commission were all invited to attend. The Forum hopes to make innovation sandbox an important mechanism amid a comprehensive innovation entrepreneurship environment, as well as a driving force for innovation development in Taiwan.